The domestic stock market concluded today’s trading session with a bearish sentiment prevailing over the bullish momentum, resulting in the first negative closure for the week. As a result, the NGX All-Share Index (NGXASI) experienced a marginal decline of one basis point, settling at 63,757.23 points compared to its previous session’s closing level of 63,766.72 points.
https://www.digital.zenithbank.com/ZEQ/ZEQ-jan-2026/index.html#p=1The day’s bearish performance was driven by notable declines in major stocks such as Geregu Power (-10%), Flour Mill (-3.23%), Zenith Bank (-1.68%), Access Corporation (-0.60%), and First Bank Nigeria Holdings (-0.56%), as well as 22 other stocks. These losses collectively contributed to the negative closure of the domestic bourse for the day.
Consequently, the Year to Date (YTD) return experienced a minor decline, adjusting to 24.40%. Alongside this, the market capitalization also decreased by 0.01%, concluding at N34.716 trillion. As a result of this downward movement in the market, investors’ wealth diminished by N5.17 billion.
Market activity for the day decreased as both volume and value traded declined by 45.50% and 76.45% to 473.49 million units and N10.08 billion, respectively.
MARKET BREADTH: (Gainers/Losers ratio), which measures investor sentiment, decreased to 0.89x from 2.50x in the prior session as 24 stocks appreciated, 27 stocks depreciated while 64 stocks closed flat.
We anticipate a mixed sentiment in the equities market this week.
Currency Market
The Nigerian Naira depreciated by 14.71% against the US Dollar in the I&E Window, closing at a rate of N852.25/USD.
